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Market Dynamics and the Profit Function
2009This chapter contains sections titled: Calculating Profit Functions Interpreting the Profit ...
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On the Unimodality of the Profit Function of the Pricing Newsvendor
Production and Operations Management, 2013In this note, we study the price‐setting newsvendor problem. We use three conditions, the log‐convexity of the coefficient of variation, the log‐concavity of the deterministic profit function, and the log‐convexity of the random noise's expectation conditional on having leftover inventory to establish the log‐concavity of the retailer's expected profit
Ye Lu, David Simchi‐Levi
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Long‐Run Profit Functions for Multiproduct Firms
American Journal of Agricultural Economics, 1987AbstractA long‐run specification of the multiproduct profit function is developed from the restricted profit function. The multiproduct restricted profit function and the envelope condition are used to estimate the optimal, long‐run levels of the quasi‐fixed factor.
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Profit Functions of Technologies with Multiple Inputs and Outputs
The Review of Economics and Statistics, 1972PpTHE application of duality in economic analysis was initiated by Hotelling (1932) and Roy (1942) in the area of consumer demand. Subsequently, Shephard (1953) in his pioneering work on cost and production functions extended the duality concepts to the theory of production and derived many of the fundamental results, including the basic duality ...
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Functional Form and Predictive Accuracy of Dual Profit Function
1992Western Agricultural Economics Association Conference, Colorado Springs CO, July 12-15 ...
Ornelas, Fermin +3 more
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Profit and Operational-Based Value Functions
15th AIAA/ISSMO Multidisciplinary Analysis and Optimization Conference, 2014Design and development of large scale complex engineered systems require engagement and coordination of thousands of individuals spanning multiple companies and organizations, making decisions driven largely by prescribed requirements. One issue in this development process is related to the stakeholder desires and the ability to effectively communicate
Erik D. Goetzke +2 more
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Profit, Supply, and Factor Demand Functions
American Journal of Agricultural Economics, 1972AbstractThe concept of the profit function provides an alternative approach to the analysis of production. First, a brief exposition of the theory of profit function is presented. Then the profit function and the factor demand functions are formulated within the Cobb‐Douglas framework.
Lawrence J. Lau, Pan A. Yotopoulos
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Selection indices for non-linear profit functions
Theoretical and Applied Genetics, 1983Conventional selection index theory assumes that the total merit or profitability of animals is a linear function of measurable traits. However, in many cases merit may be a non-linear function of these traits. A linear selection index can still be used in this situation but the optimum index depends on the selection intensity to be used and on the ...
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Relative Prices as a Function of the Rate of Profit: A Mathematical Note
Zeitschrift für Nationalökonomie, 1976The reswitching debate has made it obvious that prices are in general complicated functions of the rate of profit in single product systems of the Sraffa type (Sraffa, 1960):
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